Small cardamom prices expected to remain strong due to festive demand

17-Sep-2024 08:40 PM

Kochi. Due to unfavourable weather and natural disasters, not only is there a possibility of a sharp decline in the production of small (green) cardamom this time, but the arrival of its new goods has also been delayed.

The stock of goods has decreased considerably in the major consumption centers. Due to the torrential rains of the South-West monsoon, the buyers of North India could not show much enthusiasm in buying cardamom.

Anyway, the new crop of cardamom which should have come from July started coming in September. Now there is a hope of strong festive demand in it, which can strengthen the prices.

Due to good selling by the producers, the supply of good quality green cardamom has started increasing in the auction centers.

There is a possibility of rain in Kerala once again, which can create obstacles in the plucking, preparation and supply of cardamom seeds.

In an auction held the previous day, more than 51 tonnes of cardamom arrived and its average price was recorded at around Rs 2747 per kg, which was slightly below the average price of Rs 2762 per kg in the auction held on August 28. In view of the possibility of a sharp decline in production,

producers are confident that the price of cardamom will jump to a high of Rs 3500 per kg this time. The export performance of small cardamom is also satisfactory.

The cardamom crop has suffered the most damage in the most prominent producing state - Kerala, and a massive decline of 35-40 percent in its production is being feared there.

There has also been some damage to the crop in Tamil Nadu. The crop is said to be weak in Guatemala.

The peak festive season is about to begin in India, in which the demand and consumption of cardamom as well as the price is expected to increase somewhat.